Background of the establishment of New Oriental
1, New Oriental Education Technology Group grew up from Beijing New Oriental School and was established in 1993 and10/6 October. With training as the core, the Group has a number of training systems, including Babylonian kindergarten, bubble children's education, excellent middle school education, basic English training, college English and postgraduate training, multilingual training and so on.
2. As a famous private educational institution in China, New Oriental Education Technology Group was successfully listed on the new york Stock Exchange on September 7th, 2006. By May of 20 14, New Oriental had established 56 schools, 3/kloc-0 bookstores and 703 learning centers in 50 cities across the country. Since its establishment, New Oriental has taught 20 million students face to face. In the list of 20 10 top 500 Chinese brands compiled by the WorldBrandValueLab, the brand of New Oriental ranks 94th with a brand value of 6.423 billion yuan.
3. In addition to New Oriental, it also owns sub-brands such as Youneng Middle School Education, Bubble Children Education, Future Overseas Consultation, Sung Hoon Online Education, Dayu Culture Publishing, Baby-raising Education, and Wentong College Entrance Examination Re-reading. The company was listed on NYSE in 2006, and it is the first educational institution in Chinese mainland to be listed in the United States.
On April 20th1July 8th/KLOC-0, New Oriental was investigated by the SEC and its share price plummeted. 2065438+On February 1 day, 2006, New Oriental Education Group announced that Tencent would invest 320 million RMB (US$ 50 million) in Sung Hoon, and announced that New Oriental Online would soon conduct an IPO in China. This investment is expected to be completed in the first quarter of 20 16. After the completion, Sung Hoon will still be controlled by New Oriental.
Legal basis:
Article 585 of the General Principles of the Civil Law of People's Republic of China (PRC) * * * The parties may agree that if one party breaches the contract, it shall pay a certain amount of liquidated damages to the other party, or they may agree on the calculation method of damages for breach of contract. If the agreed liquidated damages are lower than the losses caused, the people's court or arbitration institution may increase the liquidated damages at the request of the parties. If the liquidated damages are excessively higher than the losses caused, the people's court or arbitration institution may appropriately reduce them at the request of the parties. If the parties concerned pay liquidated damages for delayed performance, the breaching party shall also perform the debt after paying the liquidated damages.